As you may know, IIS Media Services 3.0 includes the latest smooth streaming technology offering – Live Smooth Streaming with which you can do HD quality live streaming with smooth playback experience. Together with Smooth Streaming enabled Silverlight
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Read the complete post at http://blogs.iis.net/samzhang/archive/2009/12/16/how-to-build-scalable-and-robust-live-smooth-streaming-server-solutions.aspx